Shares of SM Energy Co. (NYSE:SM) rose 4.4% on Monday . The stock traded as high as $32.43 and last traded at $30.60, with a volume of 5,214,029 shares trading hands. The stock had previously closed at $29.30.

SM has been the subject of several recent research reports. Nomura initiated coverage on shares of SM Energy in a research note on Wednesday, April 13th. They set a “neutral” rating and a $22.00 target price for the company. Topeka Capital Markets upped their price target on shares of SM Energy from $15.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. KLR Group lowered shares of SM Energy from a “buy” rating to an “accumulate” rating in a research report on Monday, April 18th. Guggenheim lowered shares of SM Energy from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Thursday, April 21st. Finally, Vetr lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating and set a $27.66 price target for the company. in a research report on Thursday, April 21st. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.44.

The company’s 50 day moving average price is $26.97 and its 200-day moving average price is $22.44. The stock’s market capitalization is $2.13 billion.

SM Energy (NYSE:SM) last released its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.71) by $0.27. The company had revenue of $341.80 million for the quarter, compared to analyst estimates of $328.18 million. The business’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, equities research analysts predict that SM Energy Co. will post ($2.86) EPS for the current fiscal year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised its position in SM Energy by 35.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 78,300 shares of the energy company’s stock valued at $1,539,000 after buying an additional 20,392 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in SM Energy by 126.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 81,579 shares of the energy company’s stock valued at $1,604,000 after buying an additional 45,599 shares in the last quarter. Swiss National Bank raised its position in SM Energy by 0.8% in the fourth quarter. Swiss National Bank now owns 89,000 shares of the energy company’s stock valued at $1,750,000 after buying an additional 700 shares in the last quarter. Rhumbline Advisers raised its position in SM Energy by 0.5% in the fourth quarter. Rhumbline Advisers now owns 100,589 shares of the energy company’s stock valued at $1,978,000 after buying an additional 498 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its position in SM Energy by 16.7% in the fourth quarter. I.G. Investment Management LTD. now owns 175,000 shares of the energy company’s stock valued at $3,441,000 after buying an additional 25,000 shares in the last quarter.

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.

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